Ayala Pharmaceuticals Inc (ADXS)

[fbg0316]

Also, I can see the rationale that if Berlin doesn't get any reasonable monetary offers for AXAL we may be better off shutting it down and getting nothing rather than a low ball figure. Dan gave away international rights (excluding Europe) for nothing, so seeing that low bar he set bidders now probably think they can get Europe and U.S. rights for very little. Berlin probably realizes if he gives Europe and the US away in a weak Dan-like deal, it may reduce what he can command for HOT since there will be another entity developing AXAL which could compete with HOT, so better to shut AXAL down if all he gets is a weak deal (think about the non impact Dan's deals in India, Asia, South America and with the vet construct have had). Berlin is putting an end to watered down giveaway deals.